'Motherhood penalty' sees women 'priced out of work': As full-time childcare ... trends now
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Women are being ‘priced out of work’ by the soaring cost of childcare in a ‘motherhood penalty’, a report has warned.
Mothers are losing out financially because of the price of nurseries and childminders, forcing them to work part time or quit their jobs, analysis by PwC found.
UK childcare is among the most expensive in the world, with full-time fees for under-twos setting parents back an average £14,000 a year.
Campaigners at the Women’s Budget Group said 1.7million women were prevented from taking on more hours of paid work due to unaffordable childcare costs last year.
Some figures suggest that British workers spend as much as a third of their salary on childcare. These huge costs are also a major cause of the gender pay gap, which widened from 12 per cent in 2020 to 14.4 per cent in 2021, according to PwC. This means that women on average earn 86p for every £1 a man makes.
Mothers are losing out financially because of the price of nurseries and childminders, forcing them to work part time or quit their jobs, analysis by PwC found
UK childcare is among the most expensive in the world, with full-time fees for under-twos setting parents back an average £14,000 a year
